Manulife and Mahindra & Mahindra have appointed Mr Suresh Agarwal as the Managing Director and CEO designate of its proposed life insurance JV, effective 1 May 2026 and subject to regulatory approvals.
The agreement to establish a 50:50 life insurance JV was announced in November 2025.
Mr Agarwal has nearly 30 years of experience in life and general insurance, corporate and retail lending. He worked with Kotak’s life insurance business and Kotak General Insurance. He also led the transition to form a joint venture between Kotak General Insurance Business and Zurich Insurance.
He is recognised within the industry for his strategic foresight in multi-channel distribution, operational efficiency, governance and high-impact execution, delivery of exceptional shareholder and customer value.
Mr Agarwal has been part of the Mahindra Group as Managing Director and CEO of Mahindra Insurance Brokers since September 2025. He will step down from this position on 30 April 2026.